Banking Services Cannabis Industry: Page 7

Bipartisan Group of U.S. Senators Urges Congressional Leaders to Keep SAFE Banking Act in Defense Spending Package

Lawmakers are encouraging members of the Armed Services Committees in the House and Senate to keep the banking legislation in the final version of the National Defense Authorization Act for Fiscal Year 2022.

JPMorgan Will No Longer Allow Prime Brokerage Clients to Purchase Certain Cannabis-Related Securities

Effective Nov. 8, the bank will not allow new purchases or short positions in the related businesses.

6 Takeaways From U.S. Cannabis Council’s ‘UNSAFE Banking’ Briefing

Cannabis entrepreneurs and a security expert shared their firsthand accounts of public safety and social equity challenges that stem from the industry’s lack of banking access during an Oct. 28 webinar.

The Constant Challenges of the Cannabis Industry: Week in Review

Dr. Sue Sisley's banking woes are the latest and most visible example of a major problem facing cannabis business operators.

Bank of America Closes Cannabis Researcher’s Accounts

Sue Sisley, president of Scottsdale Research Institute, has been conducting FDA-approved trials to evaluate cannabis as a medical treatment for military veterans and terminally ill patients.

How 'Hard Money' Can Make a Cannabis Firm Competitive for the Long Run

Fortify your balance sheet with digital currency assets like Bitcoin.

The Fight to Raise Capital

Wanda James of Simply Pure Dispensary describes her challenges when raising capital for her cannabis business and what the industry needs to change to be more equitable and inclusive.

U.S. House Adds SAFE Banking to Defense Spending Package

In a voice vote Tuesday night, the lower chamber attached cannabis banking reform as an amendment to the National Defense Authorization Act.

National Payroll Provider Joins StandardC Network for Cannabis-Related Businesses

This payroll processing partnership adds features for the cannabis industry, including direct deposit, automated payroll tax calculation, payment, filing, accounting system integration, online employee access and self-service, labor distribution, and job costing.

Will Cannabis Banking Reform Happen This Session?

Last month’s House budget could be the industry’s next best shot at cannabis banking reform. But with a long road ahead and competing priorities during a pandemic, will it happen?

Confia Brings Technology-Based Cannabis Transaction and Banking Services to East Coast

Following success in California, the largest legal cannabis market in the U.S., the cannabis technology platform launches operations in Massachusetts, opens headquarters and launches new marketing divisions.

Group of Senators Say Cannabis Businesses Should Be Allowed to Access SBA Loans

U.S. Sen. Jacky Rosen led nine of her colleagues to send a letter to a Senate Appropriations subcommittee.

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